Tredje AP fonden Takes $26.17 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Tredje AP fonden purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 45,710 shares of the investment management company’s stock, valued at approximately $26,174,000.

Other large investors also recently modified their holdings of the company. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $29,000. Truvestments Capital LLC bought a new position in The Goldman Sachs Group during the third quarter valued at about $34,000. Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $37,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Up 0.8 %

Shares of NYSE GS opened at $535.61 on Thursday. The Goldman Sachs Group, Inc. has a one year low of $383.41 and a one year high of $672.19. The firm has a market capitalization of $167.13 billion, a PE ratio of 13.21, a PEG ratio of 0.89 and a beta of 1.37. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The business has a 50-day moving average price of $614.56 and a two-hundred day moving average price of $566.43.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period last year, the company posted $5.48 EPS. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.24%. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

GS has been the subject of several research reports. Oppenheimer decreased their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Citigroup raised their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Morgan Stanley raised their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $591.69.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.